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20130104
20130112
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below the $38 ipo price. and, labor secretary hilda solis is resigning from her position with the obama administation. stocks made a comeback. jared levy of zacks.com joins us now with some comments on that. what do you think? is this the beginning of something bigger out there jared? > > you know angie, the past couple of days have really been more sideways than anything. markets are trying to figure out where they go from here, and the answer lies in earnings. we are going to talk about a couple of them in just a second, but i think, coming out of q3, q4 expectations have come down, but that is going to be the market's telltale signal, and to be honest, i just think that we are in sort of a muddle-through period here, until we start to see those earnings - or, until we see some more action from the fiscal cliff negotiations that still are lingering. > what happens at financial firms with these earnings could tell us a lot about the market as you indicate. what about wells fargo, which comes out with earnings on friday? that is a stock you were watching. > > tomorrow's earnings report
obama plans to nominate to be the next defense secretary. why conservatives are denouncing the investigation. >> >>> san jose police are trying to track down a gunman who shot and killed a man in front of his home. ktvu's cara liu tells us why the victim was not immediately found. >> reporter: neighbors say they heard argues last night outside of this home followed by gunfire. >> we heard two shots go off. we woke up this morning to a bunch of officers coming over here. >> reporter: another neighbor didn't want to be on camera because she fears for her safety. she said she called 911 but when officers came out last night during the rain they didn't find anything. >> it makes me think about security for myself. for protection. because they were out here, they had the lights, the equipment and they couldn't find anything now. where does that leave us? >> reporter: police confirm the body was discovered by a relative in front of his home this morning. >> he was suffering by at least one gunshot wound. this marks the city's first homicide for 2013. >> reporter: investigators do
. the nomination process for the next treasury secretary is moving forward with president obama naming jack lew as his pick. "i trust his judgement, i value his friendship, i know very few people who have greater integrity than the man to my left." lew currently serves as the chief of staff in the obama administration and could become treasury secretary when timothy geithner leaves later this month. joining us now via skype with insights is jim bianco of bianco research. how is wall street responding? > > lukewarm on the jack lew nomination. they're not really that thrilled. > other than lew's poor penmanship, how well will lew's no-drama approach play out in the upcoming debt ceiling talks? > > in the debt ceiling talks it is going to be interesting. other than the no drama, he has got a history of being confrontational with republicans, and that is going to be difficult because that is who he's got to deal with. > didn't he once work on wall street? > > briefly at citibank for a couple of years around the time of the financial crisis. > do you think the republicans will go along with his nomi
to hear a case that challenged the funding. the obama administration has limited funding to research stem cell lines that came from embryos from fertility clinic that other wise would have been thrown away. >>> president obama named his choices for director of defense. reporter craig boswell tells us now both men are sure to face tough questioning during their confirmation hearings. >> reporter: president obama makes a pair of high profile nominations. >> john brenham. >> reporter: hagel is a former republican senator from nebraska and a decorated vietnam senator. >> he will be the first person of enlisted rank to serve as secretary of defense. >> reporter: while the president's pointed out hagel's gop nomination many are lining up against the nomination. >> chuck hagel has said previously that he doesn't believe we ought to keep all options on the table when it comes to an aranian nuclear threat. >> he has not been a friend to israel and in my deal the united states should stand with israel. >> reporter: as for brennan. >> a 35 year veteran of the cia. john knows what our national secur
association says that it will send representatives to those meetings. president obama set the vice president as head of the association against violence. >>> james holmes is the man accused of killing 12 people inside a movie theater. >> they are saying someone is shooting in the auditorium. >> reporter: the call from the theater in aurora lasted 27 seconds with the caller drowned out by the sounds of gunshots. 30 gunshots were heard in that one call alone. today an fbi agent took the stand and described a massive booby trap in the suspect's apartment. it included smokeless powder and live rounds. >>> mcclain wears number 55 he was pulled over for a window tint violation in decatur alabama. he lied about his identity and was arrested. mcclain was previously arrested for firing a gun right next to a man's face also in decature. >>> the parents of the debate group pflag died in her home. jeanne ma nford was a teacher turned activist after her son was beat to death during a demonstration. seen here, she wrote a letter to a newspaper saying simply, i have a homo sexual son and i love him. >>> a
of the obama administration is stepping down. lay were secretary handed in her resignation saying she plans to return to california. soliz is expected to run for the los angeles board of supervisors. she's been one of the highest-ranking hispanics in the administration and applauded. >>> a law firm says it filed suit against several major financial institutions on behalf of california cities, counties and other public entities. the suit accuses barclays, ubs, bank of america and 19 other banks of manipulating interest rates that are set in london. it alleges that the manipulation costs the california entities billions of dloors, east bay mud, the county of san mateo and the city of richmond are among the plaintiffs in this suit: on wall street stuff bounced back from two days of losses. the dow industrial gained 61 points thanks in part to oo positive earnings report. nasdaq rose 14. >>> meantime america international group or aig has decided it will not join a lawsuit against the federal government other the 2008 bail out that saved the company. it would be like biting the hand that feeds
to get severe cuts on federal spending and entitlement programs. president obama has said he has no plans to negotiate the debt limit with congress, leaving america back on the brink. juli neimann of smith moore and company is on the line with us with some thoughts on that. good morning. what will that mean for money managers? "this should be nothing more than a procedural vote, and if they don't go along with it and pull the stunt that they did in 2011, this really could throw the debt market into a problem. the big problem is the federal reserve is completely out of ammunition, so we are looking at a situation where if they are not in there supporting interest rates, you are going to see the market react and probably react badly. so investors and advisors could be in a rising interest rate environment before it really is due." thanks, juli. from new jersey northward, there's plenty of people hoping the newly-elected members of the house respond to disaster relief better than their outgoing predecessors. members of the 113th congress were sworn in thursday, a day after house majority lea
stocks were among the biggest losers. gold rallied, while oil flatlined. president obama is expected to soon name his next treasury secretary. white house chief of staff jack lew is said to be high on the list. the irs will accept 2012 tax returns starting january 30th, 8 days later than planned due to tax law changes in the fiscal cliff bill. now for an early look at how alcoa's earnings could affect today's trading. larry shover of sfg alternatives joins us. and what do you think here larry? > > yesterday's number was good. most people weren't expecting them to beat on revenue. but they beat by quite a bit. people were maybe thinking earnings per share, that could be better. but that is a good thing for the market, a good thing for the materials sector. i think it is going to give a lot of confidence going forward. > the stock market pulled back yesterday. should investors be concerned about that, or is it just one of those things that has to happen here? > > let's look at what happened. we had a gigantic rally january 2nd. right now we are just digesting and consolidating those ga
but is expected to face opposition by those who say it's filled with port barrel projects. >> barack obama the state of illinois has received 332 votes, mitt romney the state of massachusetts has received 206 votes. >>> vice president joe biden released the electoral vote. the constitution says it's not official until the electoral college votes are counted. >>> the new film zero dark 30 about the killing of osama bin laden is drawing high praise as well as some pointed criticism. ktvu's rita williams tells us about a controversial part of the movie that has people protesting. >> never legal, never moral, never accepted. >> reporter: an unusual protest outside an emeryville theater today about this. the new film zero dark 30 about the hunt for osama bin laden. >> i'm not your friend. i'm not going to help you. i'm going to break you. >> reporter: in the movie the interrogations inclued waterboarding and the implication that torture provided the information that led to osama bin laden. senators dianne feinstein and former pow john mccain say that's not what the cia told them. >> torture doe
weekend. there's some rain drops to talk about, i'll see you back here. >>> president obama signed a bill making pinnacle's national monument the country's 59th and newest national park. pin -- pinnacle is now the closest national park to the bay area. it gets its name from the rocks made from an extent volcano. it's culturally significant to several native american tribes. it's also popular with rock climbers. the new designation is expected to draw more visitors and business to the area. most visitors visit in spring and fall because it can be very hot during the summer months. >>> allowed what sounded to me like an explosion. almost like a shotgun blast. >> a big rig crashes falls 30 feet from >>> a paramedic that pulled a driver from a big rig wants to find the two men who helped him. rob roth shares the paramedic story and the images now sered in his memory. >> you can see right there it's singed. >> reporter: perry hood suffered second degree burns on his arm trying to save a man he never knew. >> we did everything we could. >> reporter: this is what the big rig looked like seconds
channel 2 news. >>> today president obama's weekly addressed focused on his next challenge with congress, the debt ceiling. >> one hing i will commote compromise is lightning congress should pay the tab for a bill they already wracks up. if congress refuses to gift united states the ability to pay its bills the consequences could be catastrophic. republicans say a deal must include spending cuts, but the g.o.p. is not unified in its own strategy. yesterday former president candw commented. >>> google said the decision to block map was to ensue a good user experience and not about exceptionally interfering with a rival product. according tot tech site google is working on a redirect so window users can use the map service. >> some homeowners on storm- ravaged staten island, new york are furious that going is touring neighborhoods, photographing damaged homes for it's 360-degree map technology. google says it's updating the photos to "help people around the world better understand the extent of the damage. google says it plans to revisit affected areas and take more pictures to show the
by president obama. linked in stock climbed 2% following the newsenedding at $113 a share. >>> facebook has e-mailed this cryptic invitation to reporters for a press conference next tuesday at headquarters the line come see what we are build something the only hint. some tech blogs are speculating facebook may be releasing a smart phone others say that is unlikely. >>> governor brown is set to release his budget plan for the next fiscal year at the state capital tomorrow the projected california budget gap is just under $2 million. lawmakers also say governor brown's plan may include spending as much as $500 million of prop 39 tax money to make public schools more energy efficient. >>> a federal judge gave final approval to a $1 million settlement in the uc davis pepper spraying incident. people everywhere were outraged by that incident under the settlement the 21 students will each get $30,000 another $100,000 will be split among 15 other individuals. and attorneys will be paid $250,000 in fees. >>> san francisco police turning to the public to hell 7 track down -- help track down a female h
Search Results 0 to 11 of about 12

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